The stock of MKS Instruments, Inc. (NASDAQ:MKSI) hit a new 52-week high and has $59.75 target or 5.00% above today’s $56.90 share price. The 7 months bullish chart indicates low risk for the $3.08 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $59.75 price target is reached, the company will be worth $154.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 73,745 shares traded hands. MKS Instruments, Inc. (NASDAQ:MKSI) has risen 50.83% since April 20, 2016 and is uptrending. It has outperformed by 46.28% the S&P500.
MKS Instruments, Inc. (NASDAQ:MKSI) Ratings Coverage
Out of 4 analysts covering MKS Instruments (NASDAQ:MKSI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MKS Instruments has been the topic of 6 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The stock of MKS Instruments, Inc. (NASDAQ:MKSI) has “Buy” rating given on Friday, October 23 by Dougherty & Company. As per Wednesday, October 12, the company rating was initiated by Citigroup. The rating was initiated by Pacific Crest with “Overweight” on Monday, January 4. The stock of MKS Instruments, Inc. (NASDAQ:MKSI) earned “Buy” rating by Dougherty & Company on Monday, May 2. As per Thursday, May 12, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by Dougherty & Company given on Monday, June 13.
According to Zacks Investment Research, “MKS Instruments, Inc. is a leading worldwide developer, manufacturer and supplier of instruments, components and subsystems used to measure, control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. They offer a range of products including but not limited to semiconductors, optical filters and fiber optics cables, magnetic and optical storage devices and media, solar panels, eyeglasses, architectural glass, cutting tools, and freeze-dried pharmaceuticals.”
Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 0.12, from 1.49 in 2016Q1. The ratio worsened, as 18 funds sold all MKS Instruments, Inc. shares owned while 53 reduced positions. 32 funds bought stakes while 74 increased positions. They now own 54.44 million shares or 1.76% more from 53.49 million shares in 2016Q1.
Teachers Inc has 0.02% invested in the company for 326,933 shares. Highbridge Capital Lc accumulated 0% or 6,329 shares. Ls Investment Advisors Lc accumulated 1,857 shares or 0.01% of the stock. Riverpoint Mgmt Ltd Co has 0.02% invested in the company for 4,660 shares. Pnc Ser Incorporated has invested 0% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI). Thompson Siegel Walmsley Limited Liability has invested 0.24% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI). Silvercrest Asset Mngmt Gp Ltd Liability Com holds 0.98% or 1.79M shares in its portfolio. Qs Investors Ltd Co has invested 0.02% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI). The Minnesota-based Thrivent Fincl For Lutherans has invested 0.01% in MKS Instruments, Inc. (NASDAQ:MKSI). Mutual Of America Capital Mngmt Limited Liability Co has 0.09% invested in the company for 95,682 shares. Us Retail Bank De has 30,794 shares for 0.01% of their US portfolio. Ironbridge Cap Limited Partnership has invested 0.27% of its portfolio in MKS Instruments, Inc. (NASDAQ:MKSI). California State Teachers Retirement Systems has 111,861 shares for 0.01% of their US portfolio. The North Carolina-based Bancorporation Of America Corporation De has invested 0% in MKS Instruments, Inc. (NASDAQ:MKSI). Leuthold Grp Inc Ltd Limited Liability Company reported 101,942 shares or 0.46% of all its holdings.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 17 selling transactions for $2.88 million net activity. Mora Elizabeth sold $10,100 worth of stock. $12,116 worth of shares were sold by HANLEY PETER on Monday, August 15. On Tuesday, September 13 the insider COLELLA GERARD G sold $235,545. Shares for $461,524 were sold by Lee John Tseng-Chung. Another trade for 2,333 shares valued at $131,605 was made by Werth Dennis L on Thursday, November 17. Another trade for 1,000 shares valued at $49,360 was made by Quirk Brian Charles on Monday, October 3. 10,000 shares were sold by BAGSHAW SETH H, worth $554,500 on Wednesday, November 16.
More important recent MKS Instruments, Inc. (NASDAQ:MKSI) news were published by: Wsj.com which released: “MKS Instruments to Buy Newport Corp. for $897 Million in Cash” on February 23, 2016, also Nasdaq.com published article titled: “Ex-Dividend Reminder: MKS Instruments, Curtiss-Wright and Matthews International”, Zacks.com published: “Can MKS Instruments (MKS) Run Higher on Strong Earnings Estimate Revisions?” on November 18, 2016. More interesting news about MKS Instruments, Inc. (NASDAQ:MKSI) was released by: Seekingalpha.com and their article: “MKS Instruments And Newport Corporation: A Marriage Of Equals” with publication date: February 25, 2016.
MKSI Company Profile
MKS Instruments, Inc. (MKS), incorporated on June 14, 1961, is a well-known provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Firm operates through divisions, including Advanced Manufacturing Capital Equipment, Global Service, Asia Region Sales and Other. It also provides services relating to the maintenance and repair of its products, software, service and maintenance, installation services and training. The Firm groups its products into three groups of similar products upon the similarity of product function. These three groups of products are instruments, control and vacuum products; power and reactive gas products, and analytical solutions group products.